A comment letter moved ONDO 10% in one afternoon. The SEC hasn't adopted a thing.
I'm watching the gap between the letter and the rule. Ondo asked the SEC for DTC-comparable transfer-agent access and for public blockchains to count — filed November 3, as the comment window closed. ONDO printed $0.374, up 6% in a day, after a 4-hour candle ran $0.352 to $0.389 on the biggest volume day in ten days. The bull case has receipts: Ondo's numbers put Global Markets past $1 billion in TVL, over 70% of the tokenized-equity market. What keeps me uncomfortable: this story ran once already. October 29, the same talk pushed ONDO to $0.4358 before fading to $0.3429.
My lines are zones. Support $0.346–$0.357, then $0.3429. Resistance $0.384–$0.396, then $0.4086. Above $0.396, October highs reopen; under $0.346, the letter trade is done.
Does ONDO break $0.384–$0.396 on the letter's momentum, or fade to $0.346 first?
NFA, DYOR.
$ONDO #OndoFinance #TokenizedStocks #RWA #CryptoTrading
I'm watching the gap between the letter and the rule. Ondo asked the SEC for DTC-comparable transfer-agent access and for public blockchains to count — filed November 3, as the comment window closed. ONDO printed $0.374, up 6% in a day, after a 4-hour candle ran $0.352 to $0.389 on the biggest volume day in ten days. The bull case has receipts: Ondo's numbers put Global Markets past $1 billion in TVL, over 70% of the tokenized-equity market. What keeps me uncomfortable: this story ran once already. October 29, the same talk pushed ONDO to $0.4358 before fading to $0.3429.
My lines are zones. Support $0.346–$0.357, then $0.3429. Resistance $0.384–$0.396, then $0.4086. Above $0.396, October highs reopen; under $0.346, the letter trade is done.
Does ONDO break $0.384–$0.396 on the letter's momentum, or fade to $0.346 first?
NFA, DYOR.
$ONDO #OndoFinance #TokenizedStocks #RWA #CryptoTrading
